Cash 24,000 Interest payable 10,650 Fuel and oil expense 37,000 Interest paid 11,850 Property tax payable 16,000 Supplies on hand 18,000 Labor expense 18,000 Repair expense 36,900 Property taxes paid 15,000 Insurance expense 10,500 Accounts receivable 32,000 Feeder livestock purchases 20,000 Feed purchases 15,000 Crop sales (corn and wheat) 350,750 Corn Inventory 120,000 Principal paid Beef Loan 10,000 Prepaid expenses 20,000 Principal paid Farm Mortgage 20,000 Livestock sales 17,500 Government program payments 2,000 Crop expenses 220,000 Other livestock expenses 12,000 Market Livestock Inventory 36,000 Accounts Payable 17,000 Wheat Inventory 50,000 Feed on Hand 70,000 Add a new sheet to your spreadsheet file Label this sheet Analysis Using the accrual income statement and beginning and ending balance sheets to calculate the farms profitability (ROA, ROE and Operating Profit Margin) and financial efficiency (Asset Turnover Ratio, Operating Expense Ratio, Depreciation Expense Ratio, Interest Expense Ratio, and Net Farm Income from Operations Ratio) for the year Use $65,000 as the opportunity cost of labor and management

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Cash 24,000 Interest payable 10,650 Fuel and oil expense 37,000 Interest paid 11,850 Property tax payable 16,000 Supplies on hand 18,000 Labor expense 18,000 Repair

Cash	24,000	Interest payable	10,650
Fuel and oil expense	37,000	Interest paid	11,850
Property tax payable	16,000	Supplies on hand	18,000
Labor expense	18,000	Repair expense	36,900
Property taxes paid	15,000	Insurance expense	10,500
Accounts receivable	32,000	Feeder livestock purchases	20,000
Feed purchases	15,000	Crop sales (corn and wheat)	350,750
Corn Inventory	120,000	Principal paid-Beef Loan	10,000
Prepaid expenses	20,000	Principal paid-Farm Mortgage	20,000
Livestock sales	17,500	Government program payments	2,000
Crop expenses	220,000	Other livestock expenses	12,000
Market Livestock Inventory	36,000	Accounts Payable	17,000
Wheat Inventory	50,000	Feed on Hand	70,000

Add a new sheet to your spreadsheet file. Label this sheet Analysis. Using the accrual income statement and beginning and ending balance sheets to calculate the farms profitability (ROA, ROE and Operating Profit Margin) and financial efficiency (Asset Turnover Ratio, Operating Expense Ratio, Depreciation Expense Ratio, Interest Expense Ratio, and Net Farm Income from Operations Ratio) for the year. Use $65,000 as the opportunity cost of labor and management.